Loading...
•
Sep 30, 2024
Unum Q3 2024 Earnings Report
Unum Group reported solid performance in Q3 2024, driven by growth in premiums and operating income.
Key Takeaways
Unum Group reported a net income of $645.7 million for Q3 2024, compared to $202.0 million for Q3 2023. After-tax adjusted operating income was $398.0 million, compared to $381.7 million for the same period last year. The company's core operations premium growth was 4.6 percent on a constant currency basis. They completed their annual GAAP reserve assumption updates, seeing a before-tax net reserve decrease of $357.4 million.
Net income was $645.7 million ($3.46 per diluted common share) for Q3 2024; after-tax adjusted operating income was $398.0 million ($2.13 per diluted common share).
Core operations premium growth of 4.6 percent on a constant currency basis, and continued strong margins across businesses.
Strong balance sheet with holding company liquidity of $1.4 billion and weighted average risk-based capital ratio of approximately 470 percent.
Book value per common share of $59.36 grew 20.4 percent over the year-ago quarter; book value per common share excluding accumulated other comprehensive income (AOCI) of $74.15 grew 13.3 percent over the year-ago quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full-year 2024 outlook anticipates an increase in after-tax adjusted operating income per share of 10 percent to 15 percent compared to full-year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...